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Tuesday, July 17, 2012

Watchers for the 7-18-12 trading session

MVIS

Again, see my previous comments, little has changed. Bounce possible. Consider though no obvious support is to be had until like 1.24 so it may not be done selling off on low volume yet. Stop under today's close o or low, or use the initial 30 minute on tomorrow. No A/H quote. Low float mover.

STEM

New Supernovae scan return. A 1 day move up which closed under the
highs and above the open. Volume low most days, now huge.
Eventually this can be shorted since it is up so absurdly. I suspect
like many such plays it can go further than anyone expects, though.
Conditional entry. On a higher open, it might yield a rapid green to
red on Wednesday and spike down for a short scalp. This might even be a
gap and crap. A fade on confirmed weakness cues anytime or heavy
dumping on volume from or near the bell. Ideal is a flat or barely
green or red open, followed by a big move down on volume to short into.
Avoid big gaps, especially downward ones. Do not short into initial
strength or greening. Box and drop to wait for the distribution print,
if desired and avoid top fish timing fades. Keep flat on positive price
action, avoid scalping long. A 1.75 fail of some kind
may prove pivotal. Up A/H over 1%.

ANTH

Another new Supernovae. See my comments for the above one, which this play roughly resembles. 2 day moveup closed below the highs above the open on big volume both times. Down A/H a bit over 0.5%. 1.50 fail ideal here. Some resistance at 2 for small positions that are risking more. Others follow usual guidelines.

ALNY

Red floater scan return. Idea is to play for more down side on
day 2.
Ended red over 2.5% on Tuesday via a gap down that closed below the
open after many up days. Stops just above 19.97 to cap losses on
head fake fade entries. I'm only into the shorting possibility if it
surfaces, keeping flat on strength. Also a short on heavy volume
dumps/confirmed weakness cues. Medium sell volume on Tuesday which
means it may have neutral chances for shorts. Avoid all longs and big
gaps,
especially large gap downs. Up a tiny tad A/H.

KEG

B/O scan. I like it long back over 7.50 and holds. Ideal to stay
over
that on tests aside from early noise if it triggers. Stops also
possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is
too
far away to use for risk managing stops. Also a long on spiking up at
or near the gun as a scalp. Moderate volume on the rise, a decent sign
for new buys. No A/H quote. Exiting below 7.25 on fails
after
trigger entering might be prudent. Early r/g buy?

PETS

Bullish Engulfing. I like this long over the high (11.74) of Tuesday.
Low
volume on the rise, which is a good sign for new buyers.
Keep
flat on real weakness aside from a typical red to green move, etc.
Stops just under the low last time or the initial 30 minute one on Wednesday. More conservatively a stop placed under Tuesday's close,
too.
The low on that day is not too far away to use for risk
management via stops. Ideally stays above 11.50 on pull backs to remain
viable as a long if it triggers. No big
gaps/shorts. No A/H quote.

OMEX

New 52's. Short term, these yearly high stocks usually go higher.
Consistently strong price action, like trading above the opening price
level after the first 5 minutes, is a long. Or, if it gaps down a bit
to debut or opens flat and falls briefly, a red to green and hold with
strong volume. Also long on spiking up at or near the gun as a scalp.
This might be an EOD exit, depending on how it holds up. Also long on a
break above to new yearly highs (over 4.36) and holds. Avoid shorts/big
gaps keep flat on true weakness. Volume strong Tuesday, a poor sign for
new buys. Needs to keep above the Tuesday close or at least over 4 on
pull backs to remain viable as a long, aside from any early noise. Up A/H a tad.

Keep an unofficial eye on ALJ a 3 White Soldiers play with resistance @ 10 which may be broken tomorrow or soon for a breakout over that and holds, or a scalp buy out of the open based upon that.